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Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers

Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny.

US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June.

US ethics advisory on federal employee's crypto has basis in legislation

The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds.

Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team

The first day of the main stage event included a keynote presentation from Ethereum's Vitalik Buterin, 1inch Network's Sergej Kunz, and Klaytn Foundation's Sam Seo.

KBW 2022: Crypto.com hits key regulatory milestone in South Korea

“This is an exciting next step for Crypto.com in an important market,” said co-founder and CEO Kris Marszalek.

6 Questions for Tongtong Bee of Panony

The UK cannot afford to send mixed messages on crypto

Regulators have expressed conflicting messages about whether the U.K. is a good place for cryptocurrency development to occur.

Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."

US lawmakers request crypto firms provide info on diversity and inclusion

“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter.

Coinbase hit with 2 fresh lawsuits amid SEC probe

In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company's business, operations and compliance efforts throughout the class period.

The Bank of Thailand to pilot Retail CBDC by the end of 2022

The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.

Alexander Vinnik reportedly en route to the US after extradition

Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California.

Congress will likely decide the fate of crypto jurisdiction: Lummis staffer

U.S. Congress will need to step in to decide who gets crypto regulation bragging rights if the SEC and CFTC cannot resolve the issue internally.

Thai SEC approves four crypto firms despite Zipmex woes

Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.

Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit

“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project.

Building the blockchain industry despite market drops and regulation threats

Even if crypto regulation comes to America, top crypto investors are not worried as upward of 90% of cryptocurrencies are utilized outside the United States.

UK parliamentary group calls for submissions in new crypto asset inquiry

The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry.

Portuguese banks shutting crypto accounts citing risk management concerns

The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.

Japan may see a reduced 20% tax on crypto earnings with new proposal

The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.

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